SEBI through its circular effective 1st Dec 2020 has introduced peak margin reporting and requirement for maintaining peak margin for traders that will be introduced in a phase wise manner until Sep 2021 effectively ending intraday leverages in stock market and commodities trading. This is a very unfair ruling that has already impacted retail traders like me who depend heavily on intraday trading for daily livelihood. Retail traders like me and many more are educated and mature enough to manage our own risks and trade on a moderate capital. By increasing the margin requirement to a very unreasonable level, it will be impossible to continue trading and end this profession. Especially during the covid crisis, this could not have come in a worse time ever. During the lockdown phase, this was the sole source of income for many and many housewives actually entered this profession. This ruling tilts the favor to large players in the market and is not a healthy proposition at all giving way to manipulations at high levels. though that is not my interest, hurting daily livelihood of people like me is not acceptable. No where in the world do regulators restrict traders in such a way. in fact, traders around the world enjoy much higher margin and leverages. This is like taking India much behind in being competitive in markets. I strongly request to withdraw this policy with a request to consider millions of people like me who depend on intraday trading in NSE/BSE and MCX like me. thank you.